UPDATE 1-Saudi's Riyad Bank Q1 net profit up 55 pct | Reuters
Riyad Bank (1010.SE), Saudi Arabia's third-largest lender by market value, posted a 55 percent rise in first-quarter net profit, helped by lower operating costs and higher income from banking services.
Net profit rose to 684 million riyals ($182.4 million) in the quarter, up from 441 million riyals in the year-earlier period, according to a bourse statement on Sunday.
Four banks surveyed by Reuters had on average expected net profit of 794.25 million riyals. [ID:nLDE6371GA]
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